Freestanding Drive-Through
New
For Sale
$1,374,336
240 Douglas Rd, Oswego, IL 60543
Vacant restaurant building with established drive-through infrastructure, parking, monument signage, and multiple access points.
Property Size3,092 SF
Lot Size0.75 Acres
Price / SF$444.48
Days on Market4
Property Features for 240 Douglas Rd
General Information
Standard status
Active
Size
3,092 SF
Lot size
0.75 Acres
Property subtype
Single-Tenant Vacant-User
Lease Type
Absolute Net
Site & Location
Drive-Thru
Yes
Pylon Signage
Yes
Traffic Count
22,500 vehicles/day
Road Access
Yes
Amenities
Rare Opportunity to Acquire a Highly Visible Drive-Thru Asset in a Proven Retail Corridor
Excellent Visibility Along Douglas Road with 22,500 plus Vehicles per Day
Flexible Repositioning for Restaurant, Coffee, Medical, or Retail Uses
Strong Residential Growth and Affluent Demographics Drive Consumer Demand
Surrounded by National Retailers, Schools, and Established Residential Neighborhoods
Freestanding 3,092 Square Foot Building on Approximately 0.75 Acres with Multiple Points of Ingress/Egress and Monument Signage
Located Approximately 50 Miles Southwest of Downtown Chicago in Kendall Count
Building Details
Building Size
3,092 SF
Buildings
1
Listing Agency:
Marcus & Millichap - Chicago Downtown
(312) 624-7010
Listed By:
Brian Parmacek · License #License(s): IL: 475.132220
(312) 624-7010
Source:
Marcusmillichap
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 11 at 4:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Chicago Downtown
Investment Insights
Based on property information with market context.
This freestanding vacant restaurant property includes a 3,092-square-foot building on approximately 0.75 acres. Existing improvements include a drive-through, parking, monument signage, and multiple points of ingress and egress. The configuration is suited to continued restaurant use and may also accommodate coffee, retail, medical, or other service-oriented operations, as supported by the existing infrastructure.
The property is located on Douglas Road in Oswego, Illinois, along a commercial corridor carrying approximately 22,500 vehicles per day. It is approximately 50 miles southwest of downtown Chicago in Kendall County, with surrounding residential neighborhoods, schools, and national retailers identified nearby. Access to the surrounding area is supported by the property's multiple entry and exit points.
The property is located on Douglas Road in Oswego, Illinois, along a commercial corridor carrying approximately 22,500 vehicles per day. It is approximately 50 miles southwest of downtown Chicago in Kendall County, with surrounding residential neighborhoods, schools, and national retailers identified nearby. Access to the surrounding area is supported by the property's multiple entry and exit points.
Key Highlights
- 3,092‑square‑foot freestanding restaurant building
- Approximately 0.75 acres in Oswego, Illinois
- Existing drive‑through configuration and restaurant infrastructure
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,760
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,035,200
$1.0M
Cap Rate 7%
$739,429
$739.4K
Cap Rate 9%
$575,111
$575.1K
Market Conditions
NOI Build-Up for 3,092 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$74.2K $24.00/SF
− Vacancy
−$5.2K −$1.68/SF
EGI
$69.0K $22.32/SF
− OpEx
−$17.3K −$5.58/SF
NOI
$51.8K $16.74/SF
Area
Kendall County, IL
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,035,200
Cap Rate 7%
$739,429
Cap Rate 9%
$575,111
Alternative Uses
Best Use
Specialty Retail
$739.4K
$647.0K – $862.7K
NOI $51,760 @ 7.0% cap · market cap 3.77%
Second Best
Retail
$613.1K
$536.5K – $715.3K
NOI $42,917 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$1.07M
$934.1K – $1.25M
NOI $74,727 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
22,500 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
40k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 100%
Blain's Farm & Fleet
Apparel
40,421 visits/mo
0.5 miles
Demographics for 60543, IL
40,299
Population
14,327
Households
2.8
Avg Household Size
37
Median Age
42%
College-Educated
94%
High-School Grad
41.9 sq mi
ZIP Area
962
Density / Sq Mi
$116,507
Median Household Income
$54,783
Median Earnings
$1,558
Median Rent
$319,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Vacant restaurant building with established drive-through infrastructure, parking, monument signage, and multiple access points.
Where is this drive through restaurant located?
The property is located at 240 Douglas Rd Oswego, IL.
What is the asking price?
The asking price for this property is $1,374,336.
What are key features of this property?
This property features: 3,092‑square‑foot freestanding restaurant building; Approximately 0.75 acres in Oswego, Illinois; Existing drive‑through configuration and restaurant infrastructure
